Tatva Chintan Pharma Chem Limited Reports Q1FY22 Results equitybulls.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from equitybulls.com Daily Mail and Mail on Sunday newspapers.
Nestle India: The FMCG major reported a 10.68 per cent increase in its net profit to Rs 538.58 crore for the second quarter ended June 30, driven largely by an increase in sales volume of key products. The company, which follows the January-December financial year, had posted a net profit of Rs 486.60 crore in the corresponding period last year.
Maruti Suzuki India: The country s largest carmaker MSI reported a consolidated net profit of Rs 475 crore for the first quarter ended June 30. The auto major had posted a consolidated net loss of Rs 268 crore in the April-June quarter of 2020-21.
HDFC: The country s largest mortgage lender HDFC said it has enhanced its existing limit to raise capital through medium-term notes to up to $2.8 billion (about Rs 20,875.65 crore).
Reuters
3 minute read People walk past the Bombay Stock Exchange (BSE) building in Mumbai, India, February 28, 2020. REUTERS/Hemanshi Kamani/File photo
BENGALURU, July 29 (Reuters) - Indian shares rose on Thursday after three straight sessions of falls, led by IT and banking stocks, and as global investor sentiment calmed after the U.S. Federal Reserve set no timeline for tapering.
By 0409 GMT, the blue-chip NSE Nifty 50 index (.NSEI) was up 0.25% at 15,749.25 and the benchmark S&P BSE Sensex (.BSESN) was 0.30% higher at 52,601.32. Both indexes ended about 0.2% lower on Wednesday.
Shares of Maruti Suzuki (MRTI.NS) fell 2.25% after the country s top carmaker missed estimates for quarterly profit margins on Wednesday as rising raw material costs eclipsed a robust revival in demand for its vehicles. read more
At the issue price, the Tatva Chintan commanded a PE of 41.62 times and a market-cap of Rs 2,400 crore compared with listed peers Aarti Industries 63 times and Navin Fluorine International at 61.4 times.
Astha Jain of Hem Securities advised long-term investors to pare at least 50 per cent of their holdings. Investors, who were seeking listing gains only, should book 100 per cent profits on Day 1 itself, she said.
The Rs 500 crore IPO, which was sold from July 16 to 20, saw strong demand. Overall, the issue was subscribed over 180 times, with the quota reserved for qualified institutional buyers (QIBs) 185.23 times while the one reserved for non-institutional investors (NIIs) 512.22 times. The retail quota was subscribed 35.35 times.
Sensex opens over 200 points higher, Nifty gains on IT boost
Sensex opens over 200 points higher, Nifty gains on IT boost
Benchmark market indices Sensex and Nifty opened stronger on Thursday as IT and bank stocks provided a boost.
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UPDATED: July 29, 2021 10:22 IST
The IT index was up 0.7%, led by HCL Tech , Tech Mahindra and Oracle India, all up between 1.2% and 2.5%. (Photo: Reuters)
Indian shares rose on Thursday after three straight sessions of falls, led by IT and banking stocks, and as global investor sentiment calmed after the U.S. Federal Reserve set no timeline for tapering.
By 9:39 am, the blue-chip NSE Nifty 50 index was up 0.25% at 15,749.25 and the benchmark S&P BSE Sensexwas 0.30% higher at 52,601.32. Both indexes ended about 0.2% lower on Wednesday.